A representation of what an asset is worth today and what the market thinks it will be worth in the future.
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Frequently Asked Questions
The nearest expiration date for European 1% Fuel Oil Cargoes FOB NWE (Platts) Futures (Apr 2015) is Apr 30, 2015.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell European 1% Fuel Oil Cargoes FOB NWE (Platts) Futures (Apr 2015) before Apr 30, 2015.